Last $49.68 USD
Change Today -0.08 / -0.16%
Volume 334.0K
MOH On Other Exchanges
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

molina healthcare inc (MOH) Snapshot

Open
$50.41
Previous Close
$49.76
Day High
$50.48
Day Low
$49.59
52 Week High
11/18/14 - $51.80
52 Week Low
12/19/13 - $31.60
Market Cap
2.4B
Average Volume 10 Days
644.1K
EPS TTM
$0.39
Shares Outstanding
48.4M
EX-Date
--
P/E TM
128.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for MOLINA HEALTHCARE INC (MOH)

molina healthcare inc (MOH) Related Businessweek News

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molina healthcare inc (MOH) Details

Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program. The company operates through two segments, Health Plans and Molina Medicaid Solutions. The Health Plans segment operates health plans in 11 states. As of December 31, 2013, this segment served approximately 1.9 million members who were eligible for Medicaid, Medicare, and other government-sponsored health care programs. The Molina Medicaid Solutions segment provides design, development, implementation, business process outsourcing, and information technology development and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia; and drug rebate administration services in Florida. The company offers health care services for its members through contracts with independent physicians and groups; hospitals; and ancillary providers, as well as through its primary care clinics. Molina Healthcare, Inc. was founded in 1980 and is headquartered in Long Beach, California.

8,200 Employees
Last Reported Date: 02/26/14
Founded in 1980

molina healthcare inc (MOH) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $2.3M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.8M
Chief Operating Officer
Total Annual Compensation: $1.2M
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $684.6K
Chief Accounting Officer
Total Annual Compensation: $829.6K
Compensation as of Fiscal Year 2013.

molina healthcare inc (MOH) Key Developments

Molina Healthcare, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

Molina Healthcare, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue was $2,484,351,000 compared to $1,687,079,000 for the same period a year ago. Operating income was $39,779,000 compared to $24,926,000 for the same period a year ago. Income from continuing operations before income tax expense was $24,497,000 compared to $11,418,000 for the same period a year ago. Income from continuing operations was $16,070,000 compared to $7,553,000 for the same period a year ago. Net income was $16,122,000 compared to $7,569,000 for the same period a year ago. Diluted net income per share from continuing operations was $0.33 compared to $0.16 for the same period a year ago. Diluted net income per share was $0.33 compared to $0.16 for the same period a year ago. Net cash provided by operating activities was $605,738,000 compared to $223,492,000 for the same period a year ago. Purchases of investments was $248,020,000 compared to $95,802,000 for the same period a year ago. Purchases of equipment was $34,101,000 compared to $29,197,000 for the same period a year ago. Increase in restricted investments was $8,679,000 compared to $8,290,000 for the same period a year ago. EBITDA was $68,287,000 compared to $49,191,000 for the same period a year ago. Adjusted net income, continuing operations was $40,520,000 or $0.83 per diluted share compared to $33,819,000 or $0.71 per diluted share for the same period a year ago. For the nine months, the company reported total revenue was $6,865,633,000 compared to $4,883,312,000 for the same period a year ago. Operating income was $96,473,000 compared to $139,245,000 for the same period a year ago. Income from continuing operations before income tax expense was $53,429,000 compared to $97,662,000 for the same period a year ago. Income from continuing operations was $28,645,000 compared to $53,871,000 for the same period a year ago. Net income was $28,431,000 compared to $62,055,000 for the same period a year ago. Diluted net income per share from continuing operations was $0.60 compared to $1.15 for the same period a year ago. Diluted net income per share was $0.59 compared to $1.33 for the same period a year ago. Net cash provided by operating activities was $841,198,000 compared to $111,744,000 for the same period a year ago. Purchases of investments was $616,324,000 compared to $627,953,000 for the same period a year ago. Purchases of equipment was $71,771,000 compared to $64,426,000 for the same period a year ago. Increase in restricted investments was $24,301,000 compared to $21,124,000 for the same period a year ago. EBITDA was $178,614,000 compared to $202,071,000 for the same period a year ago. Adjusted net income, continuing operations was $104,937,000 or $2.18 per diluted share compared to $127,500,000 or $2.71 per diluted share for the same period a year ago. The company now expected that its net income per diluted share, continuing operations, and adjusted net income per diluted share, continuing operations, may fall short of the low end of the ranges for the respective metrics as included in the company's previously issued 2014 guidance. The company has previously disclosed issues relating to its inability to fully recognize ACA HIF revenue and Texas quality revenue in 2014. These issues, along with medical care costs that are trending higher than the company anticipated compared with its full year estimate, and the impact of certain contractual provisions that limit the company's ability to retain profits, will adversely impact 2014 earnings.

Molina Healthcare, Inc. to Establish a New Office in Downtown Detroit

Molina Healthcare, Inc. announced that the company will establish a new office in downtown Detroit this fall that will house up to 125 Molina employees. The new 30,000 square foot office will be located inside the six-story building located at 615 W. Lafayette Boulevard. The building, owned by Bedrock Real Estate Services, is currently known as the Detroit Media Partnership building until the Detroit Free Press and The Detroit News move to their new downtown headquarters later this fall. Molina's Detroit and Troy expansion is expected to generate up to $20.3 million in total capital investment and create 462 new jobs, including 125 at the Detroit location. These include member services reps, case managers, community health workers and other positions as needed. Molina will be the first new tenant to move into the 404,000 square foot, six-story office building since Bedrock acquired the property in June 2014. The building is currently home to Detroit's two daily newspapers that are slated to relocate to the Bedrock-owned Federal Reserve building located at 160 W. Fort Street.

Molina Healthcare, Inc., Q3 2014 Earnings Call, Oct 30, 2014

Molina Healthcare, Inc., Q3 2014 Earnings Call, Oct 30, 2014

 

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MOH Competitors

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Company Last Change
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Industry Analysis

MOH

Industry Average

Valuation MOH Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 2.5x
Price/Cash Flow 22.4x
TEV/Sales NM Not Meaningful
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